As I have been corrected so many times by users@JayJuanGee, here on the concept and application of the word crypto in any of discussion, I would like to clear that it actually involves a wide range of other assets like the shitcoins people actually hold in high regard of it pumping up and if this term is actually what the Op or the reference link is trying to emphasize on then i would  agree with that because of these altcoins are just like gambling and its involves high risk of you loosing your assets which is same feat with how gambling works.

Why people invest on shitcoins?

1. They do love on seeing their ports increasing 2x-10x-100x easy
2. They do already picturing out on being a millionaire
3. Getting dragged with the hype
4. Blindly making investment decisions and just simply throw off some bucks and expecting something into it.

This is why we do really end up on this kind of option or situation on which we do baghold lots of shitcoins because of having those kind of unrealistic approach and expectations towards coins.
Crypto investment would really be turning out to be gambling if you arent really applying any analysis into it. You cant really just simply put up money then
expect on becoming rich. You would really be still needing to study and make out some research on when and what projects you should really investing into.

Op you would have inserted the newspapers link here for easy access. I don't think you understood the newspaper, how can a whole newspaper said cryptocurrency as a whole is gambling. If they narrow it to a part like trading and investment, it would have been better. I still believe that they cannot cryptocurrency as gambling scenario. Cryptocurrency is not even a game or whatever it is an asset so how does an asset related to gambling.

Your looking there f dictionary is was even a waste of time. You would have just make the analysis by yourself then everything would be fine. Like as I differentiate the gambling from the other areas of cryptocurrency.

Cryptocurrency will never and ever be a gambling. Op the definition or the example you gave, does it look like cryptocurrency? Be wise. Always drop link for such thread.

You've got a sharp eye for crypto market swings. But let's not paint volatility as the villain; it opens doors to potentially high returns, a common feature in risk-reward scenarios across traditional markets. Dismissing crypto trading as mere gambling overlooks the fact that it's a game of strategic risk. Traders employ intricate tools and tactics for market forecasting and risk cushioning. Moreover, investing in a crypto bouquet further dilutes risk exposure.

On the Fiat-to-Bitcoin shift, it's a captivating thought. A Fiat crash might speed up Bitcoin acceptance, but such a tectonic shift seems distant. More likely, we'll see Bitcoin and brethren sharing the stage with Fiat, as viable alternatives. Your note on banks and governments echoes the rising awareness of blockchain' prowess. It's a promising signpost for the industry' horizon.

Gambling? There are only two options: either your assets vanish or they multiply. However, Bitcoin has no association with that unless you activate derivative functions such as those on Binance Futures.
Bitcoin operates on a trust system built upon Blockchain technology. Its movements are purely driven by supply and demand dynamics.

To this day, many people believe in Bitcoin because it is decentralized and has a limited supply. As a result, demand will persist as long as major institutions continue to adopt BTC.

Thus, everyone will leverage its volatility function to their advantage.

The thing is that altcoins are shit coins and there are created specifically for speculation and that is the characteristic of gambling so at that we have to differentiate between altcoins from other solid coins like bitcoin which is far from gambling as say, may be classified under the high-risk investment just like every other stock asset.


The statement is right in some ways and if you critically look at what the behavior of most cryptocurrencies have been, it will become more clear what to make of this statement.

I agree, it is one way of devaluing the importance of cryptocurrency.  Since these people are frustrated that they can't control cryptocurrency, they are now into spreading misinformation about cryptocurrency and spreading the idea that cryptocurrency investment is akin to crypto gambling.  Investment is way different from gambling since investment has several factors to mitigate risk while gambling has none since it is the risk itself.


A person who has knowledge about cryptocurrency will just laugh at the thought of cryptocurrency investment as gambling, and only naive and newbie people will fall for this misinformation.

It all depends on the type of cryptocurrency you're choosing. If you choose Bitcoin, there's no risk of losing it all in the long run. It keeps going higher in market price due to the way it was designed. Short-term speaking, BTC will go down. But you should take that opportunity to buy as much coins as you can to prepare yourself for the next bull run.

I'd say altcoins are truly a gamble because they're extremely-unpredictable. Many of them have no real utility and are only driven by hype. This could make you lose all of your investment in an instant if people move on to the next big thing in crypto. The situation is worse with "meme" coins such as Dogecoin, and Shiba Inu. If you're going this route, I'd suggest you diversify your investment to minimize losses as much as possible. Who knows where the crypto market will go to next? Just my thoughts