The line between gambling and investing is very thin. If someone invests without knowledge, investing in a way that relies on chance, they will call it gambling. But if someone has market research, a clear strategy, a plan, they will not consider investing as gambling. But there's also nothing wrong with saying that investing in crypto is gambling because if someone just invests in shitcoins, that person is gambling rather than investing. They are expecting a profit from chance, it is no different from gambling.
Exactly. Investing in crypto can be like gambling if you are seeing crypto as a get rich quick scheme. That way, you are here not for long term investing but you are here for luck wishing you’ll be instantly lucky and become successful with crypto without even knowing the basics at first and without making yourself aware about the real advantages of bitcoin than shitcoins. But since you invested in shitcoins because of its too good to be true promises, then crypto investing becomes gambling in the making.