Quote from: mvdheuvel1983 on July 15, 2023, 11:33:02 PM

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

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

Your comparisons is like that of a beginner both to in Bitcoin investment and gambling. If you were a professional gambler, you would have spotted the errors in this anology. You would know that investing in Bitcoin is like making your own luck while gambling is like depending on others to make your luck for you. There is no iota of likeness between the two. If you gamble you would know it is hard for you to beat the casino but in Bitcoin investment you are like the casino if you play your cards right.

Bitcoin cannot be classified as gambling. While there may be similarities in terms of uncertainty and volatility, there are fundamental differences between bitcoin trading and gambling. Gambling is largely dependent on luck and chance, where outcomes are determined by random factors beyond an individual's control. In contrast, bitcoin trading involves analysis, research, and informed decision-making based on market trends, technical indicators, and fundamental analysis.