For bitcoin it is very different from gambling because we are not involved in investing just relying on luck, but it takes proper analysis and good knowledge when trying to enter the market. Meanwhile, talking about profits depends on the capital you have, both in gambling and investing in bitcoin. Almost all forms related to money have a level of risk, so knowledge is needed to minimize investment decisions.

The problem is that people don't see investing in the right way, so it is considered that investing has a close resemblance to gambling, even though in practice it is very different and there is absolutely no resemblance between the two. There is no such thing as luck in making investments and you have to prepare the necessary strategies to make the right investments.

There are only a few similarities but cannot be generalized the same, although some cryptocurrencies are considered as lucky speculation on price. Talking about second chances means being on a potential bitcoin or altcoin, but putting them all together isn't quite right because a lot of cryptocurrencies die eventually. Even if its nature must be stored in the long term it is impossible and does not provide any guarantees.

In simple words, it's not at all gambling. for (Bitcoin).

Bitcoin is a reliable asset, for the whole crypto market such as shitcoins I think I can't give a word on it that it's not gambling because you better know the risks of Shitcoin investments. Investment cant be considered as gambling if it's done after proper research on a reliable asset but blind entry can be considered as gambling as people most of the time take blind entry in the hype of a particular token without analyzing the fundamentals.

Suh moves are just based on luck so it is gambling but if you know the fundamentals of the market and you have analyzed the asset and its future potential it is not at all gambling.

Volatility is still there, so we can say crypto is a form of gambling. You could either lose it all or win big in an instant. Things are now worse than before due to the uncertainty of the global economy. Inflation, the COVID-19 pandemic, and the Russo-Ukraine war have increased the cost of living, making it harder for people to use their spare money to get into the crypto/Blockchain train. Demand for crypto assets is pretty low compared to past years.

Now the US has made matters worse with its "Anti-Crypto" agenda. The SEC is aggresively hunting down crypto exchanges with claims that most coins are securities. This affects crypto market prices, adding more uncertainty to the space as a whole. Some say the upcoming BTC halving will make things better for the industry, but there's really no guarantee things will turn out to be that way. Unless governments start treating crypto fairly and major investors pour money into the market, everything would be nothing more than just a pure gamble. I'd proceed with caution by only investing what I can afford to lose. Who knows what the future will bring to the crypto/Blockchain industry? Just my thoughts

Every money making venture involves some level of risk, for some, the risk are higher while for some, the risk are lower, crypto is one of those money making ventures with a high risk, but at does not mean it's the same as gambling, crypto investing is way way far from gambling and I personally think it is actually a mistake, or should I call it, misconception to see crypto as gambling.

If crypto is to be regarded as gambling, it simply means that stocks and bonds, real estate, gold, diamond etc are all gambling since this are all assets that do not have  a stable price..

I quite agree with you, because by definition, stocks and securities are gambling, even holding fiat in your hand or in the bank account is gambling as well since no one knows what could happen to its value in the next minute. Yet, I would want you to look at this from the angle of defence, those MPs were trying to back crypto rather than harming it, and that's why they came about it as "a form of gambling" to save it from more limitations through regulations.

They were trying to prove that crypto holders should be left alone to decide on their risk and fate rather than over-protecting them by regulations.

You are making a very good point, and this makes it subjective. It's about how you own, use and trade your coin that would define it.

You are arguably right on this if we are going by the way of the second definition by the Oxford Dictionary which will go a long way in calling many other things, work and day-to-day activities of people gambling. I possibly don't know why it should go that far in the dictionary meaning.

That's on the contrary, and I believe it's because many of you didn't read the full story. The MPs are defending cryptocurrency so that government would not think of it as you stated above and regulate it with many limitations.

The fact that crypto particularly bitcoin has its high potentials to make you profitable in the future simply means it’s not gambling. Because you never rely on luck to make it work but through research and development of your skills from your experiences in the crypto market. However, gambling no matter how you do research or prepare for it, it will never guarantee you to be profitable.

Maybe in other communities, they can think that cryptocurrency is also a gamble because they are risking their capital with no certainty that a profit will be returned. But that's why digital currency is a type of money that can be converted to our fiat.

The only difference between Fiat and Bitcoin is that it is volatile, unlike Fiat, it is not instead manipulated depending on what is happening with the inflation level. And crypto is also a kind of opportunity to us but to others it is a danger.

Crypto is not a form of gambling since they have high potentials to make you successful and beneficial in the future. But that is if you stick to bitcoin and avoid shitcoins that will only make you lose than make profits. While some altcoins are also giving exceptional profits when we least expect it, but most of them end up as shitcoins so it’s better to just stick to bitcoin for safety and high security.

No. Crypto will never be a form of gambling because it will never rely on luck and chances alone. You are investing in crypto, particularly in bitcoin, because a lot have been experiencing real and high profits on it. And not that you only invest for luck, but you also do a lot of prior research about crypto and bitcoin before you take the risk in investing. So there’s a lot of preparation before you decide to invest, unlike gambling that you can always deal with it without the need for any research or strategy development. The reason why gambling is designed to make you lose than to see you in profits.

With both gambling and cryptocurrencies, there is an element of risk, and having knowledge and understanding can certainly help mitigate those risks. While luck and chance play a role in both fields, knowledge and expertise significantly influence outcomes. When it comes to cryptocurrencies, relying solely on luck and intuition without proper understanding and research can lead to wrong investment choices.