Edited on 14/06/2025, 16:42:48 UTC
When I first came across is particularly statement (crypto is just like gambling) i was like those this person really know what he or she is saying. But after given that statement some thought I came to understand that there is truth in the statement. Because if not for the money that youwe can earn from cryptocurrency investment I don't think many us would want to ususe it for transactions which is the primary use that was first mentioned by Satoshi Nakamoto the one who invented it in 2009 nor even invest money in it. So Less face reality because many of us are into crypto ( bitcoin) because of the money we can earn from it after a long term holding, we are not into crypto for the primary purpose it was invented for which is transacting with it.
Less focus on countries and cooperate entities that have adopted cryptocurrency, seeing it from my angle they didn't just adopt cryptocurrency (bitcoin) because they want to use it for the primary purpose it was invented for, rather they adopted it because of the money they can earn from the investment, because aside that I don't think cooperate entities and countries will even have interest in setting up a bitcoin reserve just as they doing now.
So what are your thoughts on this matter, do you guys see crypto as something that is just like gambling or something else? Remember cryptocurrency involved buying and holding assets for long term till it increases in value and then you sell and take profits, while on the other hand it involves trading crypto assets in the crypto market, by buying and selling assets frequently within a short period of time either in a minute, an hour or a day to make profits.
So less dive into discussion you replies and contributions are valid.
Original archived Crypto is just like gambling.
Scraped on 07/06/2025, 16:42:51 UTC
When I first came across is particularly statement (crypto is just like gambling) i was like those this person really know what he or she is saying. But after given that statement some thought I came to understand that there is truth in statement. Because if not for the money that you can earn from cryptocurrency investment I don't think many would want to us it for transactions which is the primary use that was first mentioned by Satoshi Nakamoto the one who invented it in 2009 nor even invest money in it. So Less face reality because many of us are into crypto ( bitcoin) because of the money we can earn from it after a long term holding, we are not into crypto for the primary purpose it was invented for which is transacting with it.
Less focus on countries and cooperate entities that have adopted cryptocurrency, seeing it from my angle they didn't just adopt cryptocurrency (bitcoin) because they want to use it for the primary purpose it was invented for, rather they adopted it because of the money they can earn from the investment, because aside that I don't think cooperate entities and countries will even have interest in setting up a bitcoin reserve just as they doing now.
So what are thoughts on this, do you guys see crypto as something that is just like gambling or something else? Remember cryptocurrency involved buying and holding assets for long term till it increases in value and then you sell and take profits, while on the other hand it involves trading crypto assets in the crypto market, by buying and selling assets frequently within a short period of time either in a minute, an hour or a day to make profits.
So less dive into discussion you replies and contributions are valid.