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What is the difference between Bitcoin futures and gambling?

• 98Windows 9y ago
  It's still gambling in a sense however there is a major difference in the type of randomness you are exposing yourself to. At a casino or when playing cards it's very easy to compute probabilities of all possible events - hence the house always wins. Here in order to compute the probabilities of price movements you'd need to model millions of human agents across dozens of markets. So unless someone has a lot of insider information, you have a decent chance of making some money.
  • chx 9y ago
    Or lose a lot of it?