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.
Yes, if we think logically bitcoin trading is gambling. we purchase bitcoins at a low price and predict its future price waiting for bitcoins to reach that point and we willingly wait for bitcoins to reach that point but sometimes bitcoins are unable to reach that point and even they go oppositely down which will indeed give us loss again.
So it can be compared to gambling but the money ones lost in gambling can't be recovered but the money invested in bitcoins can be recovered as well as multiplied with the increasing price in bitcoins so bitcoin trading is more preferred than gambling. Gambling has comparatively high loss as compared to bitcoin trading.