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.
Some crypto assets are to be seen more as gambling token because of how their future tends to be, a speculative future that you’re still wondering whether the token will succeed in the long time or not, when trading such tokens, it’ll make one refer to crypto as gambling. With the way bitcoin has evolved over the years since the time of its inception, one cannot want to argue so much about it being seen as a gamble coin or even a gamble investment. History keeps repeating itself and thereby putting Bitcoin in a very conducive option when it comes to investment in cryptocurrencies.
Trading may be seen by some people as gamble also because you’re the one deciding where you think the outcome of the trade will be, and when you are able to predict it well, you can win big in it or otherwise lose your money. Trading involves high skills, so I want categorize it as such because it has helped in many ways that makes it a dependable option for those that have the right knowledge about it. To my own understanding, trading should only be referred to as gambling if the trader has no knowledge of trading and risking to see if he can predict the market well. That pure gambling without trading knowledge and it should be avoided.