Post
Topic
Board Bitcoin Discussion
Re: Is Crypto another form of gambling?
by
ItsCrafty
on 30/06/2023, 20:01:14 UTC

No  I don't think so , because when you are going to invest on Cryptocurrencies industry then trading I.E. analysis skills does matter. On the others hand most the cases if anyone do gamble the. At first wining probability on gambling depends on luck even then some times in kind of sports bet skill can be used  but gambling is the thing all about luck .  So gambling and crypto investment completely different So to change this misconception among people I think we should increase awareness about this cryptocurrency.


 I agree with you that , Crypto, such as Bitcoin, is not fundamentally a form of gambling. It is your digital asset that operates on blockchain technology. However, some people may engage in hypothetical activities within the crypto market, which can look like gambling. Cryptocurrencies involve buying and selling assets in hopes of making a profit from price fluctuations in the market. This trading depends upon your capability to make decisions, your risk analysis, and many other factors. It's worth noting that many people invest in cryptocurrencies for long-term benefit, diversification, or as a hedge against established financial institutions. Responsible investing and understanding the underlying technology and market dynamics might help lessen the dangers of cryptocurrency investment and distinguish it from pure gambling..