While I essentially agree with the argument made repeatedly in this thread that bitcoin is a currency/investment, I think if we're honest with ourselves, we'd admit that bitcoin holders are about 50/50 right now. That is 50% gamblers (or, lets call them "wild speculators" so we don't split hairs), and 50% true believers/investors. It wasn't always this way, but especially in 2017 I think that's been increasingly the case. These gamblers are the people who freak out every time bitcoin makes any movement whatsoever. They are the people who constantly try to figure out which ICO they can hold and dump 20 minutes later. They are the people who, everytime they get a whiff of a government even thinking about imposing some kind of regulation, they sell everything. So bitcoin itself isn't gambling, but a lot of the people involved are, in a sense, gamblers. And I know that because they barely understand the thing that they've invested in. A normal investor, buying into a company, usually at least has some general conception about that company's business model and prospects. In crypto, I really feel about half of the people have no idea of whats going on at all, don't understand the technology, its possible applications, its origins, and instead just hope to make a quick buck on the hot new thing.