Since crypto is just as much gambling as it is investing – at least how things are done now – it makes sense to plan to lose your investment. That way, you don’t tank your savings or retirement in case crypto ends up being a bust. Cryptocurrencies are a fairly new investment class and to some putting your money into Crypto is anything but investing, but rather gambling. In fact, many respected investors, like Warren Buffet, have spoken out against Bitcoin and declared it as being gambling. Simple speculation is one approach to cryptocurrency investing. But just like investing in the stock market, there are specific strategies for cryptocurrency investors. Marcus Swanepoel, CEO at Comments Off on Is cryptocurrency investing considered to be gambling? Very Few money making avenues have such a thin and clouded line as the difference between gambling and investing. And with Cryptocurrencies, that line just got even more clouded and thinner. Cryptocurrency Gambling Basics. Any kind of investing is a risk, no matter what anyone tells you. And so, in that regard, cryptocurrency investing and cryptocurrency gambling have something in common. When you’re gambling, you might be a bit more explicit about those risks that you’re taking, but, in either case, you’re putting a lot on People new to the world of cryptocurrency tend to imagine that investing in crypto is the same as gambling. To a certain level, the difference between gambling and investing is gray. If you put five hundred dollars per month into a pension plan that is tax-free and invests in index funds, that is investing. In the cryptocurrency community, it is placing your money into the bankroll of a particular gambling site and getting a share on the profits of the house. It can also be investing in a new crowd-funded project with the benefit of received future shares of the profit. While investing in the cryptocurrency field is a legitimate way to make money, and it depends on knowledge, experience and much less risk than gambling. Quote Share this post Is Investing in Cryptocurrency Gambling? By Beau Humphreys 3 years ago . Gambling and I have a pretty rough history. In my 20s I lost many thousands of dollars gambling. I didn’t know at the time but it was a coping mechanism for my undiagnosed Attention Deficit Disorder (ADD). I started on Whether investing in cryptocurrencies is a form of gambling or a form of investing is a big question these days. they decided to tax the winnings from cryptocurrency games to discourage
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