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Many comments here about investing in crypto is same as gambling. So what if it is? (and it is in my opinion). I buy a little bit of crypto each month and are j

• timr 8y ago
  The difference is, investing is nothing like a lottery. When you invest, you're putting money to productive economic use. There is some chance of loss, but that chance doesn't define the investment. When you gamble, you're putting money on a random number. Bitcoin is "meant" to be a currency, so it's really neither thing. But people are definitely gambling on its price fluctuations (just as people gamble with stocks, bonds, real estate, and other commodities).
• arcticbull 8y ago
  There are no published odds in the crypto lottery, You’ve been doing nothing but lose money for a full year and have nothing but some heavy bags to show for it. The counter would be so what if craps is gambling? I go to the craps table every payday and throw $1000 on hard eight. Why? Because the odds of winning at craps are better than the odds of winning at anything else in the casino! At least craps odds are published. Even as everyone is freaking out about a market downturn right now if you’ve been putting that same money in the S&P 500 over the course of the year you’d be either break even on ticker price or probably up 2 to 3% in total returns, instead you’re down 80% and that’s if you’ve been only in BTC, some of the alts are down 99.95% and you’d have shares of real productive companies and their future revenues to show for it.