Why much people still think Crypto is gambling?

[koussai999 1986]

The world is full of ignorant people in all areas, but our main duty is to educate them and spread the right information with evidence because this will definitely help the field of cryptocurrencies.

[CryptoLover21 0]

People still think crypto is gambling because crypto isn't only digital asset. But actually it's more or less gambling we can consider trading as a gambling and even there are a lot of gambling sites which can make our money double but gambling is very risky.

[Omar Ommeish 4872]

I think they are thinking about it because they do not know exactly how we work in trading cryptocurrencies because before every transaction we enter in we use many technical analysis methods to know the correct entry points.

[gourav789 2834]

I Also think there is still many people's who Think that Crypto market is like a gambling , intact my parent's also suggest me to leave it .

but I know that this isn't any gambling , we should avoid negetive thought and focous on this field properly .

[BTC Future 3946]

1 hour ago, ndadukun12 said:

there are also other ways like mining and trading which are not gambling.

While trading in general is not gambling, what Bitmex and lately Binance does certainly is. Leverage is adding gambling features in trading and just increases risks to make it depend on luck. Odds are that in a highly speculative market as crypto and stocks using leverage reduces the traders odds. Investing and perhaps trading major swings or buying low reduces risks and the gambling factors.

[Dark_Sky 8489]

7 hours ago, JohanDonne said:

It's not a serious gambling but it is still related to gambling in one way as the price is not certain at any point you are always at risk with your money to losse, so it is a type of gambling.

Maybe they refer to some gambling games where crypto is the payment for every bet or games. For me crypto is not only about gambling but also for some good benefits of knowing and having it like in investing. 

[hasan007 206]

First of all cyrpto is work in a different way, its unique. Its not easy to adopt by the people a new system, that's why they have lots of negative thoughts about cyrpto. But trading is not gambling and trading needs to invest and its requires a great knowledge.

[Dark_Sky 8489]

On 1/11/2020 at 9:37 PM, Satishmolankar said:

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 

Gambling is a part of cryptoworld where many people plays gambling so they can win base on their luck. We can't blame others if they think cryptoworld is about gambling but we can let them know some good benefits of having cryptocurrencies. 

[Naylor89 1223]

Cryptocurrency is not as the same with the gambling composes of casinos and different games etc, But the risk on it is always there. so you are still gambling into when you will sell your coins and when to buy them again. Gambling and crypto trading give no assurance on what will be the prices or outcome tomorrow so basically both needs luck.

[Guru2050 8284]

It's due to lack of good understanding and positive knowledge, experience regarding the world of Crypto currencies, that's why some may perceive and compare it as gambling, nevertheless their gambling section in Crypto currencies but their are numerous lucrative opportunities readily available for making a reliable income

[TheRaed 1247]

Not everyone can understand the cryptoworld and you cannot blame them for that
The cryptoworld needs a big mind to properly understand its merits

[TimopheyKa 3900]

Many people think that crypto is cheating and gambling-like a casino! The fact is that it's just a rumor, and I think it's the fault of human psychology. When someone cheats us on the Internet, and many people think that this is a fraud , and cryptocurrency is also a fraud! and you will all be deceived. And those who won - they just got lucky, it's luck! Or else you're a liar, too!

[Projectcrypto 4382]

Some people consider crypto to be a gambling because of the lose some people do face as a result of impatience or lack of knowledge and experience about the field. Cryptocurrency is currently one of the most easiest way to earn a passive income to your account but one needs good knowledge, experience and concrete background in the field because those are what you wi use to achieve your aims in the field.

[Swapzone 174]

This is because crypto is not regulated or controlled by governments. They don't think there is any guarantee in this service. They think this sectors is full of risks and losses.

[Mwangi 5611]

Truth be told , it does look like gambling, , what is gambling, its either, you have it or you dont, its a chance, and crypto does seem that way sometimes its important we also dont victimize it that way it has to have something to it and we need to really define it properly

[Solex 2262]

They may have there own personal reasons for saying that Cryptocurrency is gambling but to me it is not and I think it is lack of understanding that makes them said so, earning good profit in cryptoworld is real but one has to make sure they have experience which will help them earn.

[lharost 1526]

Short term trading an asset that you don't know anything about and you are merely just trading it for profit is gambling, on the other hand if your are an investor and a long term trader and you did enough research about the project before jumping in it then it definitely can not be considered as gambling since you went through the fundamentals of the project as well, it's always more profitable in the long run to be an investor instead of just trading short term.

[Draven06 494]

Because there's an involvement of money and funds in cryptocurrency. As well as trading crypto is like a betting game and there are lots of existing gambling sites for cryptocurrency. Cryptocurrency is not gambling it is a tool for us to make some earnings and also a part of our future.

[Chief executive officer band 681]

in attendance are other having a bet sites in crypto earning and cryptocurrencies is not an asset and does not encompass a estimate until somebody is keen you to recompense for it. And the rank of fascination on reserves could you repeat that? we get a hold in crypto is very high

 

[Sugibengi 390]

The very volatile crypto price sometimes gives big profits, sometimes even gives big losses, making some people who don't know about crypto think that crypto is gambling. Though it is the price fluctuation in the crypto market and someone who owns crypto can become rich due to these price fluctuations. I think that if they knew about the cryptocurrency market, they would understand that crypto is not gambling.

[Dorjoy12 8962]

On 1/11/2020 at 6:58 PM, 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?

Its happen for some trader in crypto world who has not enough experience and knowledge About trading but still want to do trade Their currency in wrong way to get profit.. We all know if our trading dont get success we have a huge lose. So those people get lose like gambling then tell to people crypto is same like gambling                   

[Buy me coffee 251]

First... it is ignorance from them, they just compare trading as gambling because first they do not believe in cryptocurrencies (as I mentioned "ignorance from them"), second they liken it to Forex (yes it is) and they believe that Forex is also gambling... this is also one of the reasons.

[Cryptic 0]

Profitable platform is gambling that's why they always associated the crypto to gambling but they don't know that there are a lot of platforms like forums, tradings and so many more. Gambling is just one of them, and it is a bit risky. But when you are so lucky enough, then congrats you could earn a huge amount of money.

[hasan007 206]

Crypto trading is not differ from gambling, many people get addicted to gambling That's the main to loss their money, but there is lots of positive side about crypto. Someone the greedy nature of the people drag them into big loss.

[Tunuu 2235]

Joining crypto currencies without a knowledge will make anyone to see them as gambling. There are many things that we should know before we start anything in cryptocurrency to avoid a lot of mistakes.