- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.
That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.
Exactly. There is a big distinction separating Gambling and Bitcoin, both serve their purpose and should not be compared.
In my opinion, when you do gambling, you consider chances, your luck, and your intuition within that day. While buying Bitcoin or trading crypto in general, you consider different factors through fundamental analysis and technical analysis. It is a learning process, and there should really be a strategy because, with cryptocurrency's volatility, there is a higher chance of losing your money when you risk it without proper positioning.
I agree with you that it does not really the most sense to compare bitcoin and gambling, as gambling is something you do just for the fun of it, or at least that is supposed to be its main function, while bitcoin is money and also a network which allow you to make payments all over the world, and due to its scarce nature it is also serving as an investment and speculation vehicle for those that want to make money on the short and long term.