Topic: Is Crypto another form of gambling? (Read 1534 times)

If we do speak about risks taking then its YES, but in the sense that analysis and research could be applied then "NO" it cant be considered as gambling and just like with other investment on which it would really be just

normal that you would really be facing up some risks on losing money which it would be normal and something that you would be needing to face on the time that you are dealing with it.
We know that you cant just put up money and just wait up for guaranteed profits or revenue which it cant be possible.You would really be needing to do further steps for you to be
successful specially in cryptospace.You cant really just simply put up without having those reconsiderations in speaking about risks and the possible loss of money.

A form of gambling? Depends on how you would really be making yourself able to deal up with it. If you are just carelessly buying without having those in depth research
then you are basically doing gambling.

Both were unpredictable which is the only thing that makes gambling and bitcoin similar. However the outcome of gambling and bitcoin were completely different. With gambling we were to lose everything if the bet fails whereas with bitcoin the varying price gives profit/loss but it won't make the wallet get emptied. Through learning it is possible to be better with bitcoin prediction whereas with gambling there is need of luck however good you make prediction based on data gathered.

The probability of winning and losing when betting on black in roulette.
European roulette: there are 37 pockets, including 18 black, 18 red, and 1 green (0) pocket. The probability of winning on a bet on black is 18/37, which is approximately 48.65%. The probability of losing is 1 - 18/37, which is approximately 51.35%. So, the probability of the casino winning is 51.35%, which means that over a large number of games, the casino always comes out on top. American roulette has 38 pockets and 2! green (0).

As for the Bitcoin trading, it is more close to a zero-sum game with transaction costs (is actually a negative-sum game), rather than a typical gambling scenario. If players trade too frequently, their transaction costs increase (trading fees), and in this game, the cryptocurrency exchange always wins. In one or two years, in this game, 98% of traders will lose their deposits. Only 2% of players will win, which means they will take the money from the 98% who lost.

The difference between gambling and the Bitcoin market lies in the fact that in roulette, your losses are programmed, meaning there is no strategy that could allow you to consistently beat the casino over the long term. However, when it comes to trading Bitcoin, a players can win if they have a winning strategy.

I am agree with you. You told appropriate. Crypto and gambling are operate different way. Gambling depend on luck, ont the other hand crypt market is fully different from gambling.

According to a piece in the June 26, 1996 issue of the Chicago Tribune, “Universities are considered hot zones for potential Internet junkies because they often give students free and unlimited Net access.”

      -      If a gambler is addicted to playing in the casino he will surely think that doing crypto trading is also like gambling. But this is a wrong assumption, not actually. Because the crypto assets will not allow you to just trade there, due to if you have extensive knowledge of trading in the crypto space, you will make sure that you will get a profit even if it is not a large amount.

That's why it's necessary here that you have an idea of reading the chart or graph because you don't just rely on compound trading. Because if your analysis is correct, for sure you will make money in the end.

I think the risks are much higher with traditional gambling, than crypto itself. The latter is often considered a long-term investment that will generate huge returns without much effort. It's like stocks only that prices fluctuate at a much higher rate due to the availability of crypto trading (24/7) and small liquidity. For some reason, the UK government is classifying crypto as gambling. By not treating it as a currency, UK citizens will be forced to pay taxes on every transaction. I'm not surprised about this, especially when most governments are against the revolution.

We should expect further misinformation and opposition down the road with the intent to minimize crypto's presence in the mainstream world. Who knows what the future holds for crypto/Blockchain tech? Just my opinion

Sure, crypto is not gambling, but there are a lot of misunderstandings, and most of these misunderstandings come from people who have no knowledge of crypto. They argue that due to the extreme volatility and unsustainability of altcoins, this makes them feel like gambling. Meanwhile, volatility is an advantage for us because we can make big profits thanks to it. But when it comes to shitcoins, memes can't say they're wrong to call crypto is gambling. Because investing in shitcoins is like waiting for our luck, all that happens with shitcoins is pumping and dumping.

If crypto is another form of gambling then I will keep gambling using my investment strategy at least its better to jump into a fresh good project that is promising than to try to beat a casino that has a goal of you losing so that they can make money, there is a big difference between the two.

To me crypto is better called an investment than gambling, you can analysis very well and choose the best projects that will get you rich in few years than chasing lottery tickets with 1% chances of changing your life out of 100%  that's ridiculous and that's what gambling has to offer.

The answer is very clear to see, these two are not on the same league, even those who use 20$ investments of every meme coins they see have a better chance to win than gambling, truth is gambling is the most terrible of them all, I am a gambler by default but I do it with my head and brain not in a dreaming phase, I gamble for fun and I invest more than I gamble.

Why bitcoin and crypto is connected with gambling. With gambling we predict the market and wait for the outcome. To some extent strategies and skills help in prediction of the outcome. With bitcoin we don't know exactly on what basis is the price movement happening around. We predict with connection to the previous market movements as well as the incidents taking place relative to bitcoin. This makes people have an understanding that crypto is another form of gambling.

Good awareness as well as right learning is required to understand well about the market. What we experience with gambling is possibilities or choices whereas bitcoin is all about the technology.

I think crypto is not gambling. Instead I see it as a potentially profitable form of investment. sometimes people think of crypto as a form of gambling due to high price fluctuations and uncertainty. However, it is important to acknowledge that cryptocurrencies have aspects and uses that go beyond mere gambling. This includes its use as a means of payment, innovative technology, and financial inclusion tools. Therefore, in evaluating cryptocurrencies, it is important to consider multiple perspectives and acknowledge that there are benefits and risks associated with cryptocurrencies.

Good for those people who do really have those kind of preference on not to touch up meme coins or shit coins which i do agree that this type of investment would really be that like of gambling. Even how hard you would really make out some analysis but still it isnt something that someone should really be touching since analysis is something that cant really be applied.This is why on the time that you would really be tending to
consider out on buying these coins or projects then it would really be needing that you should really be that mindful about the risks. In overall about crypto investment then it would really be that you choice
because its something that still that making profits which analysis could somewhat be applied on some circumstances and this is why it would really be that your choice whether you would
really be proceeding or not.

If you consider cryptocurrency as a form of gambling, then XGo is a real game-changer. Using the XGo mobile app has transformed the way I engage with crypto. The easy-to-use interface and real-time price updates keep me connected to the market, ensuring that I never miss an opportunity. It's definitely a game-changer.

Even traditional money (Fiat) can be considered as gambling. You could lose purchasing power over time due to inflation. Matters get worse when inflation spirals out of control. There's really no such thing as an investment or asset that's guaranteed to retain its value forever. Life is always about risks, and only those willing to take them have greater chances of success in the long run.

Crypto may be new and extremely-volatile, but it's still performing better than tradtional stocks (especially Bitcoin). We should give it more time to mature, before saying it's nothing but a gamble. Who  knows if someday crypto stabilizes, while Fiat becomes history? Just my thoughts

In my opinion if you have knowledge in this market and good capital management then you can make money by coin. On the contrary, if you do not learn about the market thoroughly and do not have the discipline to manage risk, it is like a gamble manipulated by many people.

I agree, that is why I personally stay away for shady altcoins and projects that offer more than they can actually deliver. There are people who do not care and willingly partake in some sort of gambling by buying those shitcoins and shit-tokens hoping to be able to cashout just in time.

If you think about it, buying shitcoins for profit is like playing a slow motion session of Crash in a casino, they see gains and more gains but they have only one shot, before all goes to hell and end up with 0% of their entry value.

That is definitely what gambling is about.

Especially the AltCoin section should be gambled on. Where it is totally dependent on the investors and not pure alot coins are operated as gambling. Because after a few days it gets destroyed again, so small investors always focus on uncertain future.

Bitcoin is completely transparent a decentralized currency on which almost 40%-45% people around the world consider Bitcoin to be transparent. And are totally dependent on investing in Bitcoin because long-term investment is definitely profitable. (You notice that in January the price of Bitcoin was 15.5K but by July the price of Bitcoin has reached 31.5K.) So this little long  It's proven how much six months of investment has benefited you. This is why I like to say Bitcoin is transparent. Bitcoin is not gambling.

Hahaha, Life is self actually gambling mate  full of risk and we want hope of a desired result. Just like you said and also life basically a game that involves money. 

But seriously if you consider crypto is gambling that stock and other investment platform is another gambling right?

If this is the reason you're giving to differentiate between Crypto investing and gambling then you can't convince anyone because in today market it's filled with new individuals just gambling with their money and hope on been lucky which is why memecoins and shitcoins investments are becoming more popular. Just as you explained in gambling, individual now put money in different cryptocurency then rely on been lucky to profit.

Cryptocurency wasn't created or invented as another form of gambling but since it's a high risk investment some individual have decided to turn it into gambling but the industry isn't a gambling industry. Those that gamble with their investment don't always make profits but lose.

Personally, I see a distinction between cryptocurrency and gambling. While both involve risks, crypto is more than just games of chance. It's a complex technology that enables decentralized transactions and has various real-world use cases. However, I can understand why some might draw parallels, given the speculative nature of crypto investments.