Why much people still think Crypto is gambling?

[hmind 0]

I sometimes get sick and annoyed too when hearing some people who don't understand crypto problems easily consider it gambling.  Why and why do they think and mostly directly like that?

[Goody28 259]

As we know many people out there are ignorant about cryptocurrency u can't definitely blame an average man for thinking soI think cryptocurrency is an intellectual means of making good cash with no labour at all

[BitMart 326]

This is nothing new as peoples talking like this because forex trading and investing is also consider as gambling as you are risking your money blindly crypto is also shape of this so just because of this mostly peoples like this which is not bad at all gambling and trading both are from same family as in both you are investing for good profit and you can end with some good lost.

[BTC Future 3946]

Well daily trading is gambling. Especially with leverage it is a gambling addiction to be precise. Most traders are losing and keep doing it. I don't see it being different from gambling. 

[Satishmolankar 1703]

You can do gambling with crypto currency crypto is not a gambling with use if crypto currency you can play games or you can say dice games stake game and the most trusted site bisler this all site 

[vynz 540]

I think many people misunderstood crypto because when they heard it they didn't know what crypto is that's why many people think of it as gambling. We should tell them what is crypto or I think we should teach them how to earn in crypto.

[patitaycute 648]

Because investing on crypto is also a gambling that you will not sure on the value of this coins because of it's volatility. Also, you are not sure if you might earn high profit or not.

[bliznec 22267]

Trading in cryptocurrencies is not gambling at all, and you need to know and remember about this. By placing an order to sell bitcoin, you calculate the delta. 

[miskyming 1588]

I think because of volatility of cryptos, you can make profit and you can also lost money.. Some Casino online site prefer crypto payment in Gambling.. so I think that's why some people think that crypto is a gambling.

[Tatiana 540]

Probably because of many of them think that to have crypto you need to buy it and in the caseif after that the price will go down they will stay in minus. Just because of nobody can predict the price and its behave the most of people make parallel between having crypto and gambling. 

[fuer44 1083]

because buying and then selling (trading) is almost similar to gambling. because we make a bet when buying coins, whether later the coins we buy can make a profit or actually get a loss.

[Ms.o 3322]

1 hour ago, hmind said:

I sometimes get sick and annoyed too when hearing some people who don't understand crypto problems easily consider it gambling.  Why and why do they think and mostly directly like that?

Well,gambling is a game of chance for money,it is also an act of taking risk in the hope of a desired result,therefore,what we did using crypto currency is much similar in gambling we invest,trade and play it without any idea with the outcome,either you win or lose thats why many people say its a gambling.

[Romaan1987 601]

1 hour ago, hmind said:

I sometimes get sick and annoyed too when hearing some people who don't understand crypto problems easily consider it gambling.  Why and why do they think and mostly directly like that?

I dont have ever think that crypto is gambling, but it is an awesome opportunity to earn some extra money wisely and safely, if greed is not coming in our heart or mind then we can easily earn from crypto just as a part time job or even a full time job.

[nicolas1234789 2566]

First reason people work with crypto mostly very different with off line job, so we can say low in physic activity. Second reason, many lost happen in crypto world and the proof only data no physical evidence. Last point is sometimes we can get bigger profit. For people who never come out from home, no proof to works but have money is gambling, that's will describe clearly in people mindset about us.

[ram007 391]

31 minutes ago, Ms.o said:

Well,gambling is a game of chance for money,it is also an act of taking risk in the hope of a desired result,therefore,what we did using crypto currency is much similar in gambling we invest,trade and play it without any idea with the outcome,either you win or lose thats why many people say its a gambling.

i agree with you,it is because crypto are gambling,we put our money and bet,waiting for the result either we win or we lose.

[Sholly 120]

The reason is that, in most cases, people fear what they don't understand. Many have not yet understood the concept of cryptocurrency and how it works. To some people, the idea and thought of storing or having electronic money is too good to be true to them, hence, they believe nothing good can come from trading it. 

[pkrs 603]

There are more gambling sites in crypto earning and Cryptocurrencies is not an asset and does not have a value until somebody is willing you to pay for it. And the Rate of interest on investments what we get in Crypto is very high.

[duncun007 3577]

because its still some kind of way just like gambling because we buy coins and we just hope they go up and give us profits and sometimes we do and sometimes we lose...isnt that gambling?

[husta5 13]

Online gambling captured alot of customers from the hands of casinos at Vegas & at MonteCarlo. These places lost alot of annual gambling profit to online web sites. The online websites will eventually make these big places close in years. So these places will also be a part of online gambling market.
Cryptocurrencies such as bitcoin shall replace the money that is being used to gamble and eventually that will change the whole economy turning around fiat money. Because Nasdaq, Dax, Ftse & Cac are going to get into cryptocurrency money as they are the big places of gambling to big companies, firms & industries.
The paper money will be gone obselete in not too far future along side with the banks. Maybe in 10 years or shorter time. These 5K+ different cryptocurrencies we see on CMC, shall die and probably 20-50 of them will remain to use as cryptocurrencies.

[Upright 2688]

There's no gambling in bitcoin, those are just doubters making noise, on not wanting to believe the future of money

[Fattkidd 1852]

 Well we know that cryptocurrency is not gambling but some people Do think it is but dont bother with them the people who thinks like that is hopeless people who tends to believe what they want to believe are idiots the lack of knowlegde cause people to misunderstood things.

[Roomi 1119]

2 hours ago, hmind said:

I sometimes get sick and annoyed too when hearing some people who don't understand crypto problems easily consider it gambling.  Why and why do they think and mostly directly like that?

It is matter of exoerience face by any one. Bitcoin or crypto currencies market is quite a volatile market people invest in it with no knowledge and get loss from here after that they said it gambling or fraud.

[Naylor89 1223]

The only thing that exists in a gambling addict is greed. It is the ugly thing that keeps pulling it's player to play numerous times. Their mindset of winning a huge profit is the cause of their total addiction.

[Syedbesharat 5423]

3 hours ago, hmind said:

I sometimes get sick and annoyed too when hearing some people who don't understand crypto problems easily consider it gambling.  Why and why do they think and mostly directly like that?

I think its because of misunderstanding because they have wrong concept of crypto world.We have to educate our self and make them clear about wrong ideas about crypto world.This will help them understand its not a gambling and they will come forward for investment in crypto.

[Honny143 13612]

Yes I think crypto currency investment as like a gambling  in crypto lot of people do trading everyday trading also gambling because you trade goes high are low when win the trade you earn money  loss you loss money same similarities in crypto and gambling