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Re: Bitcoin is not gambling
by
drgrah
on 20/11/2017, 14:56:07 UTC
Of course Bitcoin is not gambling because Bitcoin has so many uses in our daily lives. I think Bitcoin can be considered as a means of payment in the future and should not be considered Bitcoin as gambling

So Forex trading of international currencies isn't gambling either?  People use fiat every single day and every single trade there's a buyer thinking it will go up and a seller thinking it will go down.  That's gambling. Every time a bitcoin is bought, someone somewhere thinks he's getting a good price for it and sells it.  Again, both people in that transaction are gambling.  But every single person on here thinks there is zero risk to buying bitcoin.  I'm trying to get you to understand that there is at least a possibility of it going down.  To not consider that at all is foolish.  Do I think it's a reasonably good bet that it will climb?  Yes I sure do.  But you all sound like it is 100% guaranteed to hit $1 billion per bitcoin if you hold it long enough.

I think this would be a much more useful forum if at least some people could come to terms with potential risks.  I'd like to start a thread about what the 'evil' CME will do to it, but I know to a man, everyone will say "GIVE US BUYING OPPORTUNITY!!!