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RE: Is Crypto Gambling?

in #legal5 years ago (edited)

Well, there are some similarities between crypto trading and gambling. For example, in both cases, there are some risks and uncertainty involved, and you need to know when it's time to walk away. But they are both quite profitable. However, gambling and trading are rather different things. According to Investopedia (https://www.investopedia.com/terms/g/gamblingincome.asp), in gambling, especially in games of chance your winnings depend on luck, however also there’re skills games. At the same time, crypto trading or investing requires meticulous research and analysis in order to predict the outcome from your trading/investment activity.

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I shall support extrarare post. And I think that it's necessary to differentiate these items. Another thing is crypto gambling, which combines both gambling and cryptocurrency features and is becoming very popular. Many casinos, for example, have started to expand their payment methods and add crypto to their deposit/withdrawal options. And along with that, they also create unique bonuses for crypto-gamblers.For the convenience of clients, the websites or portals like https://www.casinobonuscheck.com/bitcoin-bonus/ gather the information about bonuses provided by many bitcoin casinos. Personally, I like their concept - there's no need to waste time on researching, and usually, such websites contain some helpful tips.

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