Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is forbidden for Muslims
by
ReiMomo
on 15/04/2018, 11:29:43 UTC
Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

If you call Bitcoin is gambling and Muslim people are forbidden what about currencies, they also serves the same volatile market as like Bitcoin. We cannot call Bitcoin as gambling due to the price fluctuation, we can put all the trade market, share market can currency conversion on daily basis as gambling too. Even the oil prices are fluctuation in this matter.