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Is buying Bitcoin another form of gambling?
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So, the digital currency known as Bitcoin often fluctuates by large amounts and operates independently of a central bank. By definition, the value of these bitcoins is entirely artificial, and yet thousands of people invest, sometimes on large scales, in these coins. Would you argue it is possible to make calculated risks when investing on Bitcoin or is it purely luck?
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#2
You've got more chance of predicting which horse will win a race than you do at predicting bitcoin's movements... and yet people only consider the first a form of gambling?
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#3
Yes, bitcoins are 100% gambling, unlike stocks and currencies which are affected by factors that we can try and predict, like interest rate changes or economic downturns.
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