Is buying bitcoin gambling

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Since Bitcoin is a digital the basics of using BTC on gambling website fambling, including BTC gambling sites and no conversion rates from your local fiat currency to the one used by the casino.

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Is Investing In Crypto Gambling?
Cryptocurrency trading is a risky activity and associated with a higher rate of excessive gambling over time. Such activity is especially risky among offshore. Gambling is based on chance, while cryptocurrency is based on mathematics and cryptography. With gambling, you are betting against the casino house, but with. The author concludes that cryptocurrency trading can be considered a form of gambling in which the motivation comes from the riskiness of the payoffs.

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When you buy shares in a company, you could argue that ultimately the same principle applies, but you at least have a myriad of factors that influence demand for that stock that are based on tangible components such as its recent performance, quality of its management team and its strategic aims. Gambling also has a long history, while cryptocurrency is still in its infancy. Newsletter sign up Newsletter.