I think, buying Crypto is like gambling ?
Not necessarily. Buying crypto is called investing. Gambling and investing differes in many ways. First way: gambling requires pure luck while investment requires knowledge and patience. Second way: gambling is risker than investing. Third way: you can double your money in gambling and lose it too within a minute while in investing, you have to wait for weeks/ days/ or months.
Ok so I let me correct myself: Buying famous crypto is not gambling it is investing. Investing in ICO's regarding the reputation and the number of scam + no exchange can be consider as gambling for me.
And in crypto you can win a lot and loose a lot within a minute (pump and dump, manipulation, mistake on an exchange #Etherdelta)
If you consider investing in ICOs as a gambling means that you do it blindly without doing some researches about the project, dont you? If you do it then you may also consider trading as a gambling if you do it blindly. Of course it is your own right to consider what you do as gambling or not, but in general both investing and gambling are completely different although luck might be involved on both activities.
When I invest in ICO's I do some research of course (I invest time in ICO not money
) but the majority just read the website and trust all the team.
When you trust something and can not be sure if everything is true or false, for me it's gambling.
In every investment you have a part of luck and therefor a part of gambling.
After maybe we do not have the same "gambling" definition. You can make a lot of money with poker and you invest your money... to gamble
I get your point. As you consider investing as gambling since you are risking your money with no guaranteed return. The same as gambling, you gamble hoping to make a profit, with possibilities of losing your money or make money from it.
But let me take you to a way of separating these two.
Investing is an opportunity given to investors to make a profit in either long term or short term. While in gambling, your chance to make a profit is only the game period and also the time when you don't have any more money or what we call game over.