Post
Topic
Board Trading Discussion
Re: Bitcoin trading and gambling
by
kawetsriyanto
on 16/07/2023, 21:59:15 UTC
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.
It is true, trading or investing in Bitcoin isn't like gambling. It requires sufficient knowledge and experience although it also needs a strong mentality. But in Bitcoin trading/investment, we can't rely on the luck. It is much different with gambling that mostly relies on the luck.