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Playing with crypto is gambling in itself.


iamsheikhadil

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Posted

Since the crypto market is so volatile, it makes sense to say that playing with crypto is in itself a gambling.

You can win 10$ but later if you don't withdraw price can drop to half.

You can lose 10$ and if you have enough balance and you don't withdraw, price can rise up.

Hence, I prefer to sometimes play with Fiat.

What's your opinion on it?!

Posted

Cryptocurrencies are being fueled by the faith of its holders, its actual and current volume usage and mining (majority of it). It does not really fully constitute the definition of gambling at its core but if you invest on it recklessly without researching (as it is still a trading asset and thus, researching is vital) it is only where it becomes almost similar to gambling.

Also, everything in this world involves a degree of risks and hence can have the element of gambling. It depends on how you would define it in the end.

Posted

Yes I think you say right crypto currency like a gambling because crypto rate up down you win good amount of price go up and you lose big if price go down .

You must need following the price otherwise maybe you in loss .

I trading Btc last 2 years and so many times I win and lose but now I know very well about price how go up down

Posted

if you don't withdraw your coin and the price of the coin rises high, do you still say it's better to play fiat? we all know the price of crypto is fluctuating, so it all depends on you who set it

Posted

I mean, yeah it is gambling in itself, but if you win even more and the price rises it's an even better feeling than that you would have withdrawn at its down price and sold it.

Posted

predicting the value of coins in cryptocurrency and risking it at the casino has become a habit of mine since I started to know cryptocurrency and cryptocurrency gambling.
In terms of betting, I prefer what coins are currently down in terms of value, because when I bet and I win, the value of the coin may have gone up a few percent from before I placed it in the bet. and that has become my habit

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