Quote from: Inspiron14 on Today at 06:03:33 AM

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

From my observation, people don't have much regards for gamblers, they either see them as lazy people who don't like to work, or people who want to take shortcut to get rich. Although people are entitled to their opinions, but I don't like to categorize bitcoin in this group of " try your luck ". I know bitcoin is of a higher level, it's a decentralized digital currency that you can use to make transactions, at the same time you can cash in when the coin appreciates., or even trade it to make profit.

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

You perhaps saying that gambling is those people who are lazy people that wanted to become rich instantly but Bitcoin does not. We can't say Bitcoin is for luck and easy instead, we work hard for it like we do in some form of investment. Therefore, it was not the right opinion to say that it was gambling because we know the future of our investment unlike we are in gambling.

Maybe, if you think about trading but still, it was not a form of gambling unless you never know what you are doing and you are now relying on luck which is a problem for most.

Trading is not just about buying and selling because we need to have knowledge and skills,
unlike the case with gambling I think it only relies on luck,
gambling will not make you rich and it will only waste time and money, so it's better to avoid it.

For trading you need to buy coins at right time and sell coins at right time then you can earn money from trading. But gambling all depends on your luck. I think trading is much better than gambling. There is very less risk of losing money from trading so I prefer trading. I could not make money from gambling and lost money most of the time.