Quote from: Pan Troglodytes on June 27, 2018, 10:17:50 AM

Quote from: Retty on June 21, 2018, 01:24:42 PM

We are seeing a lot of new exchanges popping up here there and everywhere. Some which are obviously more established, and some that are pretty crap or just looking really shifty.

One thing that stands out to me recently though, is the amount of 'promotions/competitions' these exchanges are running whereby you have to invest or trade the biggest amount of a specific crypto in order to win a prize.

To me this just shouts out GAMBLING. I personally think its totally irresponsible, it portrays crypto in a really negative manner to someone neutral/not into crypto yet, and above all it could be very dangerous to your finances!

[...]

You are right mate. I always thought that tradfing was like gambling in the sense that both are negative sum games (aka negative expected value), bringing one certain lost in a long run. Of course, once or twice one may be successful.

I also think that bitcoin should be used as it was initially intended, i.e. as electronic payment method; and that usecase is unfortunately dying.
[It is precisely noticed:all this reminds gambling!]