Investing Crypto is like gambling

[skillex]

We all know that Investing is very much different than gambling. Just from referring to fiat currency maybe this investing on physical currency really differs from gambling.

But as the crypto world is introduced.

Their fore grandfather bitcoin proves the dominancy and capability of a certain cryptocurrency or digital currency how fast and reliable the funds exchange and transaction can be.But few experts stated or admit that its not advisable to trust and invest fully in this crypto.Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry says, “Bitcoin is fraught with risks and not backed by any tangible asset. But the number of investors is still growing, which is a concern.” 

And I dont know about this following crypto now if they have same capability as their fore grandfather.

So my conclusion is, I consider investing in cryptocurrencies as gambling. Because you put trust,money and time to this and you are not sure of its outcome just like gambling is.

In your opinion, what do you think?

[akki785]

On 17/12/2017 at 4:02 PM, skillex said:

We all know that Investing is very much different than gambling. Just from referring to fiat currency maybe this investing on physical currency really differs from gambling.

But as the crypto world is introduced.

Their fore grandfather bitcoin proves the dominancy and capability of a certain cryptocurrency or digital currency how fast and reliable the funds exchange and transaction can be.But few experts stated or admit that its not advisable to trust and invest fully in this crypto.Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry says, “Bitcoin is fraught with risks and not backed by any tangible asset. But the number of investors is still growing, which is a concern.” 

And I dont know about this following crypto now if they have same capability as their fore grandfather.

So my conclusion is, I consider investing in cryptocurrencies as gambling. Because you put trust,money and time to this and you are not sure of its outcome just like gambling is.

In your opinion, what do you think?

I can't agree with you more on this. I mean think about it, you did bet and next result may bring you profit or maybe a loss. Similarly, you chose a brand new coin(or a old stable one) to invest. But how would you be so sure about it that the coin will go up after you bought it? It may go down and bring you loss. Right..??

So, I think you're right in this matter, Investing Crypto is like gambling ..

[ieatkdubsass]

Sell your car and invest it into bitcoin they said, you'd be rich they said.