Questions tagged - gambling

Carlo Fri Jun 07 2024 | 6 answers 1018

Is crypto like gambling Islam?｜Prohibition of gharar This is because . And this is where cryptocurrency hits a wall in terms of acceptability to Muslims, as cryptocurrency is considered to be highly speculative and volatile. gharar can lead to gambling and speculation which, as we have seen, is Haram

Could you elaborate on the comparison between cryptocurrency and gambling in Islam? How does the prohibition of gharar relate to this comparison? And why is cryptocurrency viewed as highly speculative and volatile, making it unacceptable to Muslims? Could you also explain how gharar might lead to gambling and speculation, and why this is considered Haram in Islam?

Eleonora Fri Jun 07 2024 | 5 answers 1365

Is crypto considered gambling?

Could you please elaborate on the viewpoint that cryptocurrency is often regarded as gambling? Is there a distinction between investing in crypto and placing bets in a casino? How does the volatile nature of crypto prices contribute to this perception? Also, what are the elements that differentiate crypto investing from traditional financial investments? And finally, in your opinion, is it fair to categorize crypto as gambling, or are there more nuanced aspects to consider?

Maria Thu Jun 06 2024 | 7 answers 964

Is future trading gambling?

Is future trading merely gambling? Or does it possess deeper financial intricacies? On the surface, it might seem like a high-risk game of chance, where investors bet on the future price movements of assets. However, is this all there is to it? Or are there strategic considerations, market analysis, and risk management techniques that underlie successful future trading? Are the profits solely derived from luck, or can they be attributed to skill and knowledge? Is it a mere chance game, or a sophisticated financial tool with potential benefits for informed investors? I'm curious to hear your thoughts on this matter.

Claudio Thu Jun 06 2024 | 7 answers 1607

Is crypto futures trading gambling?

Could you please clarify for me if crypto futures trading is essentially a form of gambling? I'm interested in understanding the risks involved and whether they are comparable to those associated with traditional gambling activities. Additionally, I'm curious about the potential rewards and whether they justify the potential losses. Could you provide some insights into the strategies and techniques used in crypto futures trading, as well as any regulatory frameworks that govern this type of trading? Thank you for your assistance in helping me understand this complex topic.