Ninjastic
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Board Gambling discussion
Re: Is Bitcoin Trading Gambling?
by
jossiel
on 11/01/2018, 06:43:18 UTC
Quote from: BabyBoss on January 10, 2018, 10:56:14 AM
Quote from: jossiel on January 10, 2018, 06:37:22 AM
Quote from: CyberR. on January 09, 2018, 08:35:59 PM
So the question is if Bitcoin Trading is a Gamble or not?
I will express my views here and would love to know what you guys think.

It's investing. Buying and selling Bitcoin is an investment. Now, Is it Gambling?
There's a difference between Trading and Investing. Trading involves capital inhand kept for short period, typically for a few days, hours or even minutes. Investments on the other hand tend to be in months, years or even decades.

Bitcoin Trading isn't Gambling but Buying Bitcoin is “gambling”, in the sense that its an investment that could price crash at any time.
We surely does different key points on this thing. In my own point of view, trading is a gamble in a classy way. It's not that you are really gambling but the mindset was changed due to the word "trade".

But what we are doing there is totally the same as binaries, it has a win and lose result so that will be like the same as gambling.

Other traders/gamblers will say like this, "it's not a typical gamble but it's quite a gamble." Shaking my head.  Huh
Well, in my own point of view also bitcoin is trading gambling because you have the right if you want too, to sell it at your goal price as long as you want to sell it in your own goal of price while it is also investment gambling because you can also keep holding it for atleast months or atleast years or let's just say a decades but this is very dangerous if it's keep in decades because we don't know the future of bitcoin weather it will grow more or wil going to crash sooner or later.
Just like what I'd said that it was quite a gamble but that's not totally a gamble. It's confusing right? But we are playing differently the usual way of gambling is.

There are some sort of similarity with binary trading which is also a trading that you will predict a price but it's totally different. I know you are confused the way I'm explaining but it all goes depending on how you will take a look at bitcoin trading.

To make it short, things that has risk is surely a gamble.