BonsaiLife
Sat Jun 08 2024
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5 answers
1041
Is crypto considered gambling?｜Why is it gambling? e.g., “Since crypto is volatile and unpredictable, .” e.g., “I think anything that gives you a chance to win or lose some of your money makes it a form of gambling.”it is essentially a gamble when you invest in it as you could win big or you could lose everything you put in
Could you clarify for me if cryptocurrency should be deemed as gambling? If so, what are the reasons for this? For instance, does its volatile and unpredictable nature contribute to this perception? Would you agree that any activity that presents the opportunity to either gain or lose a portion of one's funds essentially qualifies as a gamble? Given that investing in crypto could potentially yield significant profits or result in the total loss of one's investment, does this justify the comparison to gambling?
