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Re: Bitcoin is not gambling
by
PsylockReborn
on 17/02/2018, 02:52:24 UTC
⭐ Merited by poptok1 (1)
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

Bitcoin as we all know is a technology that was made for anonymity and convenience when purchasing something online or paying someone other than FIAT money. Bitcoin as a whole is not gambling.

Gambling is something where in you take a risky action in return for a desired amount of money or profit.
Everything we do that would lead to a loss of money or potential earning of money is called gambling. There are many forms of gambling. When you try to buy bitcoin and think of it as an investment vehicle we can clearly say that you are already gambling since you want or desire to profit in the near future with the trend that's happening right now. Since bitcoin value is very volatile there's no assurance if you can purely profit or lose everything you invested so your already gambling your money.

Any form of risk that could lead you to profit or loss of many is called gambling. Even putting up a business is also gambling. We just have to make sure that we invest only an amount that we can afford to lose.

Always remember that high risk is equal to high reward or possibility of losing everything when it comes to crypto or bitcoin investment. As long as you believe in bitcoin's technology accompanied with daily research about it you'll feel comfortable and knowledgeable with the investment that your in. So if shaky times or if btc value will fall drastically you can diversify automatically and try to cut your loss by investing into the next coin that you think will skyrocket in the near future.

Knowledge about something that you invested in is the key to success. Don't invest because someone say so. Do your research and your hard work will get you lots of profit! Goodluck and happy hodling!  Smiley