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Forex Zone - Forex Forum
Cryptocurrencies
General Cryptocurrency Discussion
Bitcoin trading is not gambling
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Bitcoin trading is not gambling
Discussion started on General Cryptocurrency Discussion
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Re: Bitcoin trading is not gambling
Trully Amary
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Posts: 111
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Likes Received: 3
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gambling is a game not a business and will not be able to produce something consistent, unlike forex which has been proven to produce consistent profits even though it is not easy and forex is certainly a business not a game.
#241
- January 14, 2020, 07:43:33 AM
Re: Bitcoin trading is not gambling
celly
Full Member
Posts: 111
Points: 191
Likes Received: 5
Reputation: +1/-0
BTC trading and forex trading so far is still a fierce debate, but for forex trading it is clear that the law will be halal and haram while BTC trading is still confusing and has not found a common ground on how the law of coin trading.
#242
- January 20, 2020, 06:07:06 AM
Re: Bitcoin trading is not gambling
Sarijos Soros
Full Member
Posts: 147
Points: 311
Likes Received: 1
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I prefer trading because from my experience doing minning has never been profitable, it only has a profit in the cloud minning like zen miner that used to be popular but was not durable.
#243
- January 20, 2020, 07:04:35 AM
Re: Bitcoin trading is not gambling
Sponsored
#244
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Re: Bitcoin trading is not gambling
carlien
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Posts: 142
Points: 188
Likes Received: 3
Reputation: +0/-0
in my opinion bitcoin trading is not a gamble as long as it's done correctly and the law is halal because there are conditions that have been met such as buying and selling currencies or forex.
#244
- January 20, 2020, 07:41:27 AM
Re: Bitcoin trading is not gambling
Gerry Land33
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It is still very false to know whether bitcoin trading is gambling or not, but in my own opinion bitcoin trading can be a gamble or not gambling depending on how we do the analysis when trading bitcoin like forex even though bitcoin trading is still difficult to analyze both technically and fundamentally.
#245
- January 20, 2020, 07:50:39 AM
Re: Bitcoin trading is not gambling
Admirald
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Posts: 234
Points: 426
Likes Received: 12
Reputation: +1/-0
I would rather view bitcoin trading as a business or investment like forex rather than as gambling, there are indeed many people who abuse bitcoin for gambling, but if for trading it is open again.
#246
- January 20, 2020, 08:14:40 AM
Re: Bitcoin trading is not gambling
ariezz
Hero Member
Posts: 1048
Points: 5674
Likes Received: 111
Reputation: +4/-0
Bitcoin trading is a gamble if it is not run in the right way because trading is still closer to guessing than analyzing technically and fundamentally.
#247
- January 20, 2020, 08:51:01 AM
Re: Bitcoin trading is not gambling
Alfreddy
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Bitcoin trading can also be done at brokers and just like a forex pair so in my opinion bitcoin trading is definitely not gambling. Even if a trader trades coins at the changer it is also not a problem because there are conditions to do it and that is legitimate.
#248
- January 21, 2020, 12:03:17 AM
Re: Bitcoin trading is not gambling
lherry
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Posts: 121
Points: 268
Likes Received: 1
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Some ordinary people who do not know what trading is and what bitcoin is tends to think that BTC trading is the same as gambling, but not necessarily because in trading there is buying and selling currencies just like forex and must be done with proper analysis.
#249
- January 23, 2020, 05:09:41 AM
Re: Bitcoin trading is not gambling
ReezteexFx
Jr. Member
Posts: 79
Points: 3580
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trading means buying and selling so if a trader obeys the rules and analyzes it well then trading is not gambling, trading can be with any instrument including forex and crypto coins.
#250
- January 30, 2020, 03:44:34 PM
Re: Bitcoin trading is not gambling
Sponsored
#251
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Today
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Re: Bitcoin trading is not gambling
Luru Receh
Jr. Member
Posts: 79
Points: 188
Likes Received: 2
Reputation: +0/-0
Bitcoin trading has similarities with forex trading in terms of buying and selling currencies, the difference is the official currency of a country with a digital currency, so both of them in my opinion are not gambling.
#251
- January 30, 2020, 09:42:42 PM
Re: Bitcoin trading is not gambling
Acewyr
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Posts: 159
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Bitcoin trading meets the conditions of trading an instrument so it's definitely not gambling, maybe crypto trading has not been much discussed so it's still dubious and also crypto coin is a new digital currency that is becoming a new instrument in trading.
#252
- January 30, 2020, 11:14:14 PM
Re: Bitcoin trading is not gambling
Billy Atkinson
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Points: 5910
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Reputation: +1/-1
bitcoin trading and forex or stock trading are the same, not gambling because to be able to succeed in coin trading must also have the skills and knowledge about it.
#253
- February 03, 2020, 12:36:22 AM
Re: Bitcoin trading is not gambling
farqueen
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Posts: 180
Points: 299
Likes Received: 6
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in my opinion BTC trading is still an element of gambling as long as technical and fundamental cannot be applied in crypto and at the moment the price movement of crypto is still quite volatile and uncertain in direction so when trading we don't have any analysis guidelines.
#254
- February 03, 2020, 04:12:28 AM
Re: Bitcoin trading is not gambling
jazan
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Posts: 169
Points: 0
Likes Received: 6
Reputation: +1/-2
Is Bitcoin trading a gamble?
From my understanding, bitcoin is an asset, so bitcoin is not gambling and belongs to categories such as stocks and currencies.
#255
- February 03, 2020, 04:22:34 AM
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