Post
Topic
Board Bitcoin Discussion
Re: Is Crypto another form of gambling?
by
AakZaki
on 01/07/2023, 21:19:14 UTC
Yeah! The second relates to crypto/Bitcoin yet I'd say Bitcoin is not gambling. Would you say planting is gambling? Obviously you wouldn't, but farmers have been able to study weather conditions and seasons to know when to plant same way those who have learnt the trading of Bitcoin properly and who now have the correct mindset towards Bitcoin trading... they're likened to farmers in crypto world. Actually it may be gambling to those who are no-knowledge investors because of their aim which makes them even sow at wrong seasons and expect to hit profit but won't because it was not the correct season.
So for every informed Bitcoin trader and real time bitcoin investor it is not gambling as far as you can carefully monitor when and how to trade
Farmers are also always learning. Learn from experience, learn from others. Trading is the same, everyone must be willing to learn. Because there is a pattern that is a mutual agreement and it is still used today. I agree that gambling is different from trading. If you rely on trading like gambling it will make you devastated. Maybe you will make a profit in one or two trials. But if you continue I think your money will run out soon