Topic: Is bitcoin a form of gambling? - page 9. (Read 3099 times)
Gambling in Bitcoin actually is all illegal because the goverments never let any companies or organization to do that. Bitcoin Gambling still alive because they haven't touch it yet.
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.?
I can't say that bitcoins is 100% free of gambling essence but only with a bit. Just like in tradings and investment, you can't earn something on these kind of business unless you gamble some of your money though in a form bitcoins. Though one can say that it can be research how the flow of these things, it may still deviate on what you are really expecting to happen so it may also lead to loss. Winning and losing situation are already active in this kind of industry.
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.?
I say yes bitcoin is a part of gambling because it's etheir you succeed or failed.Investors and traders are betting their capital whether they profit or lose. Because if they profit during expensive price they will have a very big amount to profit because it will multiply to 10times or more.
In my own opinion, I can consider bitcoin as a form of gambling already if you buy and invest to it. Since it’s a digital currency and very volatile theres a big risk of losing your invested money so its really same like gambling. We try to bet our money to a certain asset that is risky and we have no assurance to profit from it or even manage to take our capital at least.
Well I’m not from US so I cant tell wether that kind of bitcoin transaction is legal there.But investing really in cryptocurrency is very same like gambling for me.But Im hoping that bitcoin and other cryptocurrency will be same of value or importance just like the fiat currencies in the near future. That same thing like we have now with theres some form of cash card; may be there some cryptocurrency card also to be swipe-ready anytime we want money.
Well I’m not from US so I cant tell wether that kind of bitcoin transaction is legal there.But investing really in cryptocurrency is very same like gambling for me.But Im hoping that bitcoin and other cryptocurrency will be same of value or importance just like the fiat currencies in the near future. That same thing like we have now with theres some form of cash card; may be there some cryptocurrency card also to be swipe-ready anytime we want money.
Investing is not the same as gambling, as gambling requires a "game of chance." Informally, people may refer to risky investments as gambling, though. People who simply throw money into bitcoin without doing their own research are doing something very similar to gambling, since they are not applying skill.
Mining bitcoin isn't gambling. It's a business. If you have the right business model for building a bitcoin mining facility then you'll gonna consider economic factors like cost of electricity, cost of equipment, maintenance, and financial strategy. If you think this economic factor doesn't suit on building a mining facility then don' enter a bitcoin mining business. After all, gambling is a game of chance, a business may be viewed as gambling for others. But if you think business is gambling then you'll also set up your mind that it's a 50/50 game. Why not build a business that accepts bitcoin or build a gambling business that accepts bitcoin? In this way, you are using the very purpose of bitcoin, which is the transfer of value.
True investing is not the same as gambling..
Buying and selling cryptocurrency is basically a new 21st century way of investing. It's like buying and selling currency, except Bitcoin is s digital currency that has no central authority...
Buying and selling cryptocurrency is basically a new 21st century way of investing. It's like buying and selling currency, except Bitcoin is s digital currency that has no central authority...
You can think of investing Bitcoin as gambling. Time and money are your bets. Of course, not all people think of Bitcoin as gambling. I think your question is a false one, but nobody cares. Good luck
According to my view point it depends on the way people use bitcoin for their activities. I know some people that use bitcoin to their illegal activities. But who can blame them!!! It is on of a best payment method. Anyone cannot identity the man face behind the bitcoin address. So it depends. But their are some golden opportunities with BTC!!!
Gambling is by definition is a game of chance. You have very little if any control over the outcome. Such is the case with most investing and Bitcoin is no exception. Sure you can buy & hold Bitcoin for the long term and hope it’s value will increase over time or you can trade Bitcoin and profit on it’s movement up or down. On the other hand you can plug into an unique system that will pay you 2.2% daily on your Bitcoin and double your Bitcoin in 90 days or less on complete autopilot.
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.?
Investing is much more like a gamble ,if you buy bitcoin in its peak like those times that it had reached to $18k and will be invested inorder to gain profit but the price begun to fall to $10k then its a big loss for the investor.Investing on crypto with less knowledge will result to bankruptcy.Trading also is like a gamble for me because if you trade in an entrusted exchanger might result to loss of tokens or coins.Instead of looking to profit might result to leave you with nothing.In my opinion everything in this world is a gamble,one must need to be a good player inorder to 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.?
I think it's like that. Gambling because you need to risk if you invest. Risking money because you don't know how it will end, if it drop then you lose and if rise up then you won. That's the same thing as gambling. The similarity is obvious gain or profit and lose or bust. But the difference is the result lies on many different people respond. Gambling can be manipulated but I guess Bitcoin price is not.
I do not think that if you want to read bitcoin updates to alert you if you're buying a bitcoin if it drops the price so it's better to join group chats
invest without thinking is gambling
Whether or not gambling depends on how you operate it, and what is your definition of gambling? Do you think that buying a lottery ticket is gambling? The definition is not the same, but the conclusion that comes out naturally is not the same.
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.?
Nope! Definitely, Bitcoin is not a form of gambling. It is a store of value with some characteristics of currency. Gambling has more risks and lots of odds. Bitcoin is something more valuable than the coins or chips that you can buy in the casino.
I think in some way bitcoin is a gambling. There is no assurance that you will always get profit. Especially when you invest in the wrong project. One should be wary enough in where he invests his money.
i do not think that investing in Bitcoin is a kind of gambling. Because Bitcoin has own value, it can be used for payment, international transactions or storing asset. as you can see, Gold is just kind of metal but people like it and it has value. So, Bitcoin likes Gold too.
For me yes, bitcoin is part of gambling because if you want to invest in bitcoin you need to take the risk that is why is like a gambling because we need to take the risk to earn money.
If you don't know the bitcoin and blockchain, so you might be a simple encryption currency as their investment is a gamble, but it is a way of investment in the future, I am very bullish on cryptocurrency market in the future.
Jump to: