Why much people still think Crypto is gambling?

[Gluttony 1775]

It is not literally since you are not betting onto something but it looks like that since you are investing to an investment hoping that your investment would generate profit. There is a loss if the investment did not work out well and never return the invesments back to the users. The cryptocurrencies can be compared to the invesments in the flat world as well, you invest to them hoping it would generate profit since that is the goal of why you are investing. The same when it worked out also, you generate profit and the investment will still go through if you invested again. However, when the investment didn't work that well it is either a scam or the project didn't do well properly. It is the same with the flat world invesment as well if you failed to receive profit throughout your investment it's either you got scam or the institution has been bankrupt.

[Sykkuno 2887]

You need not get sick and annoying as speculation is close to gambling stocks are the same and have you seen the people trade at robinhood and their behaviour. It is similar to gambling but the difference is that with gambling only a few make a lot of money the rest lose it all.

[Irungu 4299]

To be fair, anything that gains today and loses tomorrow seems like gambling to me so to me its to keep on working as hard and putting up a lot of things that would  help me in knowing where my profit comes in from . so to me the truth is it does to some extent so is the stock and forex market.

[Mwangi 5611]

Well, its how it seems , its seem as if its a gamble, you dont seem to very much think you have it or any how but the right time comes in when we are able to balance in so much so we need to look at a point the point being its important for us to run the market in a much more complicated working principles, the right idea would be to ignore the term and go in as an investor that way you will be able to avoid the tagging and move with the work that comes with it, trading seems as gambling

[Naylor89 1223]

I think because they consider cryptocurrency is a way for getting rich over night. Maybe it was true 5 years ago, But it's not true at now, cryptocurrencies have already stabilized in the world as an investment currency for the ones who do not play with cards or dices but for those who deals with economic information sources, and wants to make money step by step based on market's principle.

[kryptonick 2659]

The same people don't think that stock exchanges are gambling? There is no diffence but I don't hear a lot about stocks, but all negativity is targeting cryptocurrencies. This should stop as it is not making damage but we are tired of being accused for everything. 

[Izeal 4404]

Yes, they do think that cryptocurrency is gambling because they don't know how the cryptocurrency works and ideas to track the price of the cryptocurrency and most of the investors who invest in value stocks don't believe in cryptocurrency.

[Mike1515 2977]

It can be gambling and till to what extent? woking hard in this place requires there is something far much important that can help us in so many things , when it comes to be uncertain, thats where gambling tag comes in, so its important we just try to understand what this is all about. 

Trading its self looks like gambling, and it does seem that way so the most important thing is to make sure that there is something far much better and in terms of how we perceive it. you have a business that can be looked different in any form, whether it goes up or down , thats where the perception comes in.

[estee369 489]

Because of its unpredictable nature. Sometime crypto rise and fall over thousands dollars. That is very unusual in other markets like forex and stocks. But that doesn't mean its gambling. It is true that crypto has become very essential in every part of our life even gambling but that doesn't mean its gambling.

[Mwangi 5611]

We all got to think about lots of things and the very first one is , how do we get something out of crypto currency because most of the time we are all losing it trying to figure out what happens, the right idea would be to work as hard not to gamble. Why do I say this , because most of the time we are usually trying to get into crypto currency  to make money very fast. and so we are all lost into the wrong idea of what is happening that is to really define the good things that come with it, so we lose from that angle

[khan22 3478]

Those peoples whose loss their money in the crypto market they just thin that crypto is gambling but this is not true because in the crypto market you can make good money and you can not get loss in this business if you have good knowledge about the crypto.

[Naylor89 1223]

Cryptocurrency is like a gambling because it is risky and it can bring advantages as the value can rise sharply, but if the money you invest is free then it will always bring good profit. In order to benefit from cryptocurrency then you should be able to think positively and have a little chance.

[leakydonney 1402]

Due to the lack of knowledge most people seems to understand crypto as non existing amount of money especially used by scammers but that's not true because crypto is also have same value as other coins but its only in form of digital format (can't be touched as other physical money we used to)  that's why a lot of people don't trust it.

[Haseweleh 29]

in cryptocurrency is high risk .. high profit and high lost too .. maybe cryptocurrency can be good income for some people and many people too many lost in cryptocurrency

cryptocurrency ia gambling i think no

[WeniZAY 52]

They are simply afraid and do not want to perceive anything new. Here, because of this, and such thoughts. Everyone has their own thoughts and opinions.

[Ruslannoh4i 34]

... as many people as the ones who think "crypto is a Ponzi scheme" in itself :)))

[Sajjad noori 53]

The cryptocurrency is in good condition, but there are people who abuse it. Maybe people are still looking at its old state.

[mariag921 26]

Perhaps because of how volatile it can be, it is no secret that the changes that occur in a day can scare even the bravest, and nobody likes to lose money

[SALMON01 6]

Bitcoin has many applications, it is no coincidence that the first "killer application" for bitcoin was the Satoshi Dice dice portal. Due to the fact that the cryptocurrency has no national character, is suitable for cross-border money transfers and is anonymous, it is perfect for settlements in online casinos. Many bookmakers and casinos accept digital currencies such as BTC, BCH, ETH and DASH. There are dozens of platforms that exclusively accept cryptocurrency.

[sarahmoses202020 251]

On 1/11/2020 at 2:41 PM, vynz said:

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.

I think we should create awareness and make people understand the true essence of crypto. They should understand that crypto is a currency like every other and that means that you can gamble with it, trade, pay for goods or services etc. CRYPTO IS NOT GAMBLING BUT CAN BE USED AS SUCH

[Cryptomint 433]

On 1/11/2020 at 5:58 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?

Do go on the people confesses because you have the mind and you can think it easily and in the better way. If you are trader and getting profit from it so how it is gambling?

[Mosab73 333]

Crypto, in my opinion, is an approach or method based on thought to earn money in a legitimate and safe way, which happens that some people think about trading and this in turn leads to losing money on many occasions, then the reputation of Crypto world becomes a kind of gambling, in addition to the fluctuations in the price of cryptocurrencies.

[crysoul 12]

Since these people are still in the exchange part of crypto assets, they do not look at the area of use and do not know about its function.

[mody2020 21]

It is not gambling, because encryption or dealing in digital currencies carries profit and loss and is similar in that trade, and therefore it is not gambling

[Jromz 2158]

There is certainly still a lot of ignorance about cryptocurrency, what it's even worse, many people decide to invest on cryptocurrency despite this ignorance and naturally they end up losing money, as the big hype back in 2017. Then it's not surprising that many people compare investing in crypto to gambling. Also, the prevailing high volatility in crypto contribute to this.