Post
Topic
Board Bitcoin Discussion
Re: Is Crypto another form of gambling?
by
fruktik
on 20/06/2023, 03:43:58 UTC
With both gambling and cryptocurrencies, there is an element of risk, and having knowledge and understanding can certainly help mitigate those risks. While luck and chance play a role in both fields, knowledge and expertise significantly influence outcomes. When it comes to cryptocurrencies, relying solely on luck and intuition without proper understanding and research can lead to wrong investment choices.
        Somehow I somehow missed the moment when crypto is compared with gambling. I don't remember this ... It is possible that you are considering only a speculative component. In all other cases, this is not the case. Blockchain technology with its derivatives was invented and implemented in order to replace (as planned) the current financial system, get rid of the monopoly and oppression of the banking system.
         Are you at risk when you make a transfer if it is carried out without errors? I don't think so. For several years now, humanity has had the opportunity to transfer money to anywhere in the world anonymously and without huge commission fees.