Post
Topic
Board Bitcoin Discussion
Re: Bitcoins labelled a gambling device
by
squatter
on 05/05/2019, 17:51:26 UTC
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.

It's somewhere in between. I think it's no secret that many Bitcoin investors are speculating on its future value more than anything else. Betting on whether Bitcoin will take off or realize mass adoption is a matter of speculation. It's a gamble. Any number of things could happen today or tomorrow that will hamper adoption.

The odds in favor of Bitcoin's success are getting better everyday, though. In several more years, it may not be fair to call it a gamble anymore.