Quote from: GreatArkansas on Today at 02:01:57 AM

Quote from: Kelward on July 11, 2023, 01:18:51 PM

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So having made all this comparisons, do you think that bitcoin can be classified as gambling?

This is an already aged discussion which really at first, it's quite confusing for some people.
There are lot of kinds of gambling which for me gambling really acquired huge percentage on "luck" some could be skills (depends on what gambling)
While on trading, I can see the huge percentage here is skills and somehow on the other part, there's luck here but a very small percentage.

So for me, trading and gambling are far different from each other. Because trading is not only for luck.

Your analyses are very clear, you really simplified it, gambling depends mainly on luck, while while bitcoin trading depends mainly on skills. Although you still need a little luck or skills of either one to complement the other, but in all I think that one common factor that they both share is risk. But obviously there is much lesser percentage of risk in bitcoin, compared to gambling. I can deal with risk, so far the reason for the risk is well understood and worth taking, because everything about making progress in life requires some percentage of risk.